Colonial Bank, N.A. Mortgage Lending & HMDA Data, 2004
In 2004, Colonial Bank, N.A. of Montgomery, AL reported 7,759 mortgage applications totaling $1.3 billion, down 35% from 2003. The average application was for $170,115, and applicants reported an average income of $83,451. 78% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Birmingham-Hoover, AL (568), Tampa-St. Petersburg-Clearwater, FL (519) and Dallas-Plano-Irving, TX (337) (applications in parentheses).
| Mortgage Company & Address | Colonial Bank, N.A. Po Box 1108 - Corporate Compliance Montgomery, AL 36101 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,759 |
| Total Mortgage Loan Application Amount | $1,319,925,000 |
| Average Mortgage Loan Application Amount | $170,115 |
| Highest Mortgage Loan Application Amount | $9,690,000 |
| Average Applicant Income | $83,451 |
| Highest Applicant Income | $9,099,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Colonial Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Birmingham-Hoover, AL | 568 | $ 58,230,000 | $ 102,517 | $ 57,000 |
| Tampa-St. Petersburg-Clearwater, FL | 519 | $ 192,409,000 | $ 370,730 | $ 83,000 |
| Dallas-Plano-Irving, TX | 337 | $ 58,949,000 | $ 174,922 | $ 145,000 |
| Montgomery, AL | 318 | $ 36,398,000 | $ 114,459 | $ 49,000 |
| Reno-Sparks, NV | 316 | $ 51,658,000 | $ 163,474 | $ 63,000 |
| Orlando, FL | 306 | $ 53,478,000 | $ 174,764 | $ 120,000 |
| Miami-Miami Beach-Kendall, FL | 297 | $ 110,867,000 | $ 373,289 | $ 152,000 |
| Huntsville, AL | 293 | $ 43,485,000 | $ 148,412 | $ 64,000 |
| Cape Coral-Fort Myers, FL | 282 | $ 52,636,000 | $ 186,652 | $ 52,000 |
| Columbus, GA-AL | 278 | $ 37,010,000 | $ 133,129 | $ 69,000 |
| Auburn-Opelika, AL | 235 | $ 30,832,000 | $ 131,200 | $ 56,000 |
| Mobile, AL | 197 | $ 22,037,000 | $ 111,862 | $ 51,000 |
| Idaho Falls, ID | 184 | $ 18,226,000 | $ 99,054 | $ 40,000 |
| Anniston-Oxford, AL | 183 | $ 16,130,000 | $ 88,142 | $ 56,000 |
| Florence-Muscle Shoals, AL | 169 | $ 11,613,000 | $ 68,715 | $ 58,000 |
| Atlanta-Sandy Springs-Marietta, GA | 157 | $ 34,347,000 | $ 218,770 | $ 121,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 149 | $ 40,460,000 | $ 271,543 | $ 180,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 117 | $ 15,447,000 | $ 132,025 | $ 80,000 |
| Macon, GA | 92 | $ 9,177,000 | $ 99,750 | $ 151,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 90 | $ 27,163,000 | $ 301,811 | $ 70,000 |
| Sarasota-Bradenton-Venice, FL | 90 | $ 24,156,000 | $ 268,400 | $ 110,000 |
| Lakeland, FL | 86 | $ 6,465,000 | $ 75,174 | $ 62,000 |
| Tuscaloosa, AL | 71 | $ 8,290,000 | $ 116,760 | $ 50,000 |
| Jacksonville, FL | 66 | $ 15,442,000 | $ 233,969 | $ 87,000 |
| Decatur, AL | 59 | $ 4,417,000 | $ 74,864 | $ 55,000 |
| Las Vegas-Paradise, NV | 55 | $ 11,940,000 | $ 217,090 | $ 97,000 |
| Naples-Marco Island, FL | 55 | $ 15,794,000 | $ 287,163 | $ 102,000 |
| Dothan, AL | 48 | $ 5,447,000 | $ 113,479 | $ 53,000 |
| Fort Worth-Arlington, TX | 48 | $ 12,608,000 | $ 262,666 | $ 101,000 |
| Carson City, NV | 45 | $ 7,945,000 | $ 176,555 | $ 62,000 |
| Gadsden, AL | 45 | $ 3,233,000 | $ 71,844 | $ 54,000 |
| Panama City-Lynn Haven, FL | 36 | $ 14,856,000 | $ 412,666 | $ 232,000 |
| Palm Bay-Melbourne-Titusville, FL | 34 | $ 6,430,000 | $ 189,117 | $ 92,000 |
| Fort Walton Beach-Crestview-Destin, FL | 32 | $ 9,965,000 | $ 311,406 | $ 120,000 |
| Pensacola-Ferry Pass-Brent, FL | 19 | $ 4,147,000 | $ 218,263 | $ 102,000 |
| Port St. Lucie-Fort Pierce, FL | 17 | $ 4,249,000 | $ 249,941 | $ 134,000 |
| Warner Robins, GA | 13 | $ 1,306,000 | $ 100,461 | $ 35,000 |
| Punta Gorda, FL | 12 | $ 1,977,000 | $ 164,750 | $ 36,000 |
| Gulfport-Biloxi, MS | 11 | $ 1,776,000 | $ 161,454 | $ 136,000 |
| Ocala, FL | 10 | $ 848,000 | $ 84,800 | $ 43,000 |
| Houston-Baytown-Sugar Land, TX | 9 | $ 1,173,000 | $ 130,333 | $ 118,000 |
| Austin-Round Rock, TX | 6 | $ 643,000 | $ 107,166 | $ 69,000 |
| Gainesville, FL | 4 | $ 511,000 | $ 127,750 | $ 128,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 736,000 | $ 184,000 | $ 63,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 4 | $ 628,000 | $ 157,000 | $ 41,000 |
| Salt Lake City, UT | 4 | $ 1,731,000 | $ 432,750 | $ 40,000 |
| San Antonio, TX | 4 | $ 848,000 | $ 212,000 | $ 135,000 |
| Brunswick, GA | 3 | $ 860,000 | $ 286,666 | $ 160,000 |
| Nashville-Davidson--Murfreesboro, TN | 3 | $ 247,000 | $ 82,333 | $ 41,000 |
| Vero Beach, FL | 3 | $ 314,000 | $ 104,666 | $ 81,000 |
| Boise City-Nampa, ID | 2 | $ 251,000 | $ 125,500 | $ 69,000 |
| Chattanooga, TN-GA | 2 | $ 231,000 | $ 115,500 | $ 26,000 |
| Columbia, SC | 2 | $ 270,000 | $ 135,000 | $ 58,000 |
| Columbus, OH | 2 | $ 232,000 | $ 116,000 | $ 47,000 |
| Harrisonburg, VA | 2 | $ 333,000 | $ 166,500 | $ 56,000 |
| Killeen-Temple-Fort Hood, TX | 2 | $ 137,000 | $ 68,500 | $ 27,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 750,000 | $ 375,000 | $ 52,000 |
| Peoria, IL | 2 | $ 224,000 | $ 112,000 | $ 209,000 |
| Savannah, GA | 2 | $ 385,000 | $ 192,500 | $ 90,000 |
| Tallahassee, FL | 2 | $ 309,000 | $ 154,500 | $ 81,000 |
| Albany, GA | 1 | $ 36,000 | $ 36,000 | $ 38,000 |
| Asheville, NC | 1 | $ 149,000 | $ 149,000 | $ 283,000 |
| Chico, CA | 1 | $ 144,000 | $ 144,000 | $ 167,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 210,000 | $ 210,000 | $ 98,000 |
| Corpus Christi, TX | 1 | $ 145,000 | $ 145,000 | $ 215,000 |
| Dayton, OH | 1 | $ 201,000 | $ 201,000 | $ 113,000 |
| Denver-Aurora, CO | 1 | $ 1,000,000 | $ 1,000,000 | $ 3,000,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 1,520,000 | $ 1,520,000 | $ 2,296,000 |
| Kansas City, MO-KS | 1 | $ 220,000 | $ 220,000 | $ 91,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 580,000 | $ 580,000 | $ 718,000 |
| New Haven-Milford, CT | 1 | $ 130,000 | $ 130,000 | $ 2,000 |
| Newark-Union, NJ-PA | 1 | $ 170,000 | $ 170,000 | $ 55,000 |
| Prescott, AZ | 1 | $ 85,000 | $ 85,000 | $ 45,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 187,000 | $ 187,000 | $ 68,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 650,000 | $ 650,000 | $ 260,000 |
| Sherman-Denison, TX | 1 | $ 59,000 | $ 59,000 | $ 0 |
| Shreveport-Bossier City, LA | 1 | $ 190,000 | $ 190,000 | $ 75,000 |
| Tucson, AZ | 1 | $ 102,000 | $ 102,000 | $ 32,000 |
| Waco, TX | 1 | $ 4,350,000 | $ 4,350,000 | $ 0 |
Mortgage Loan Application Detail Totals for Colonial Bank, N.A. in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 3,909 | $796,790,000 | $236,000 | $9,690,000 | $208,454 | $9,099,000 |
| Refinancing | 3,257 | $509,680,000 | $199,666 | $6,200,000 | $84,866 | $6,216,000 |
| Home Improvement | 593 | $13,455,000 | $28,000 | $500,000 | $52,875 | $399,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 6,099 | $950,747,000 | $208,521 | $6,200,000 | $192,565 | $9,099,000 |
| Hispanic | 494 | $99,398,000 | $133,000 | $2,000,000 | $53,500 | $2,940,000 |
| Not applicable | 462 | $183,432,000 | $409,888 | $9,690,000 | $139,444 | $1,122,000 |
| Black or African American | 443 | $41,774,000 | $108,500 | $581,000 | $62,333 | $583,000 |
| Not Provided | 114 | $19,991,000 | $232,833 | $960,000 | $212,166 | $5,281,000 |
| Asian | 98 | $18,374,000 | $158,666 | $550,000 | $94,666 | $2,292,000 |
| American Indian or Alaskan Native | 36 | $4,908,000 | $192,142 | $650,000 | $86,000 | $758,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $1,301,000 | $101,333 | $196,000 | $39,166 | $101,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 7,291 | $1,264,672,000 | $225,565 | $9,690,000 | $186,521 | $9,099,000 |
| FHA-insured (Federal Housing Administration) | 320 | $34,614,000 | $97,571 | $246,000 | $40,428 | $207,000 |
| VA-guaranteed (Veterans Administration) | 146 | $20,407,000 | $136,111 | $248,000 | $41,222 | $141,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $232,000 | $116,000 | $227,000 | $249,000 | $463,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 6,035 | $1,054,501,000 | $224,954 | $9,690,000 | $192,181 | $8,224,000 |
| Application Withdrawn By Applicant | 897 | $168,848,000 | $169,000 | $6,200,000 | $96,250 | $9,099,000 |
| Application Denied By Financial Institution | 621 | $62,733,000 | $122,900 | $3,500,000 | $59,400 | $780,000 |
| Application Approved But Not Accepted | 179 | $30,256,000 | $257,375 | $1,390,000 | $94,375 | $1,400,000 |
| File Closed For Incompleteness | 27 | $3,587,000 | $144,833 | $575,000 | $64,166 | $214,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 347 | $23,543,000 | $73,250 | $1,530,000 | $41,625 | $500,000 |
| Debt-To-Income Ratio | 166 | $21,840,000 | $114,375 | $1,925,000 | $57,500 | $780,000 |
| Collateral | 49 | $5,646,000 | $143,000 | $778,000 | $73,833 | $576,000 |
| Other | 35 | $9,751,000 | $340,800 | $3,500,000 | $47,800 | $467,000 |
| Employment History | 11 | $672,000 | $56,000 | $149,000 | $26,250 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $438,000 | $74,333 | $104,000 | $48,666 | $72,000 |
| Unverifiable Information | 3 | $325,000 | $108,333 | $112,000 | $25,333 | $35,000 |
| Credit Application Incomplete | 3 | $248,000 | $76,000 | $145,000 | $30,500 | $35,000 |
| Mortgage Insurance Denied | 1 | $270,000 | $270,000 | $270,000 | $72,000 | $72,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Colonial Bank, N.A.'s 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Colonial Bank, N.A.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Alabama, download the full spreadsheet
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